AUSTRALIA - The Property Council of Australia has put together a blueprint for the real estate investment industry, to lead the sector beyond the current downturn.
The lobbying group's so-called Blueprint for the Property Investment Industry looks to provide an "extensive action programme" designed to achieve a number of strategic objectives.
These include ensuring that real estate is a distinct asset class, perceived as a safe and reliable investment choice and which attracts stable equity and debt flows.
The blueprint also seeks "fair taxes" and "rational regulation" and highlights the importance of social and environment responsibility to the sector.
It follows the recent launch of the Property Council's guidelines for reporting on corporate responsibility performance in the real estate sector.
These guidelines take the form of a consultation document, which is being reviewed by members of the Real Estate Equity Securitisation Alliance in Australia.